Thatched Cottage
63-65 Charlton Road, Shepton Mallet, Somerset, BA4 5QF
A POPULAR PUB WITH LETTING ROOMS.
The Thatched Cottage, is a delightful detached thatched property set on the outskirts of the market town of Shepton Mallet. The pub trades as both a destination food site whilst also benefitting from local and events trade utilising the function room. The venue benefits from 8 impressive ensuite letting rooms on the first floor and a large car park for over 20 cars. The split is around 40/40/20 wet/dry/accommodation. The successful new operator will continue to deliver a great food offer whilst growing the function and letting rooms side of the business. There are also further opportunities to increase summer trade by improving the external trade areas.
Bar
Function rooms
Kitchen
Patio
Location
Shepton Mallet is a market town in Somerset, South West England, about 18 miles south of Bristol. It has a rich and colourful history, nestled at the gateway to the Mendip Hills, an area of outstanding natural beauty. The town is a perfect centre to explore the surrounding hills, criss-crossed with trails, footpaths and the remains of ancient and medieval industry and workings.
Business Information
Annual rent
£55,500
Weekly rent
£1,067
Entry costs
£33,875
Turnover royalty
n/a
Forecasted Operator Turnover
£604,566
Forecasted Operator Profit (inc machine profit)
£55,436
Forecasted Operator Machine Profit
£0
Average Beer & Cider Discount*
£72
Type of Tie
Partial tie: Tied All Beer & All Cider
Agreement
Standard Tenancy Agreement A fixed 5 year term agreement.
Entry cost is approximately £33875 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £20000. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period.
Deposit
£6,000
Fixtures & Fittings
£20,000
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£5,000
Other Costs
£1,150
Total Entry Costs
£33,875
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 81 | 426 | 3,107 |
| 2022 | 121 | 63 | 3,641 |
| 2021 | 62 | 153 | 1,989 |
The pub consists of a large bar area and separate restaurant linked to the function room at the bottom of the pub. The venue also benefits from 8 impressive ensuite letting rooms on the first floor and a large car park for over 20 cars. There are also two external trading areas.
Trade Bars
1
Trade Dining Areas
2
Trade Kitchens
1
Trade Food Covers
65
Trade Gardens
2
Trade Patio Areas
1
Trade Rooms to Let
8
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
1
Customer Car Park Spaces
20
Current Premises Licence Opening Hours
Monday - Saturday - 07:30 - 23:30
Sunday - 07:30 - 23:00
The accommodation comprises 2 double bedrooms, a lounge, kitchen, dining room, bathroom and toilet.
Private Rooms
7
Lounge
1
Dining Rooms
1
Double Bedrooms
2
Single Bedrooms
0
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
0
Bedsits
0
I am seeking an experienced food operator with a background in running hotel style operations who can develop the food and letting room side of the business. The Thatched Cottage is a fantastic historic coaching inn and the new operator would benefit from the ability to market the site through various social media channels.
Simeon Baker, Business Development Manager
Apply for this property
The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.